JCT Publishes List of Expiring Tax Provisions

JCT Publishes List of Expiring Tax Provisions

News story posted in Congressional Correspondence on 10 January 2012| comments
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Summary

The Joint Committee on Taxation has published a list of expiring tax provisions for 2011 through 2012. Charitable provisions that expired on December 31, 2011 include enhanced charitable deductions for contributions of food inventory, book inventories to public schools, and corporate contributions of computer equipment for educational purposes; a basis adjustment to stock of S corporations making charitable contributions of property; and most, notably, tax-free distributions from individual retirement plans for charitable purposes.

Citation: JCX-1-12

Full Text:

LIST OF EXPIRING FEDERAL TAX PROVISIONS 2011-2022


Prepared by the Staff
of the
JOINT COMMITTEE ON TAXATION

January 6, 2012

JCX-1-12

                                CONTENTS

 INTRODUCTION

 I. FEDERAL TAX PROVISIONS EXPIRING 2011-2022

      A. Provisions Expiring in 2011

      B. Provisions Expiring in 2012

      C. Provisions Expiring in 2013

      D. Provisions Expiring in 2014

      E. Provisions Expiring in 2016

      F. Provisions Expiring in 2017

      G. Provisions Expiring in 2018

      H. Provisions Expiring in 2020

 II. TEMPORARY DISASTER RELIEF FEDERAL TAX PROVISIONS EXPIRING
     2011-2022

      A. Temporary Disaster Relief Federal Tax Provisions Expiring
         in 2011

      B. Temporary Disaster Relief Federal Tax Provisions Expiring
         in 2012

      C. Temporary Disaster Relief Federal Tax Provisions Expiring
         in 2013


INTRODUCTION

This document,1 prepared by the staff of the Joint Committee on Taxation, provides a listing of Federal tax provisions (other than those providing time-limited transition relief after the repeal of an underlying rule) that are currently scheduled to expire in 2011-2022 (with references to the applicable section of the Internal Revenue Code of 1986 or other applicable law). Expiring Federal tax provisions providing temporary disaster relief are separately listed in Part II of the document.

For purposes of compiling this list, the staff of the Joint Committee on Taxation considers a provision to be expiring if, at a statutorily specified date, the provision expires completely or reverts to the law in effect before the present-law version of the provision. Certain provisions terminate on dates that refer to a taxpayer's taxable year and not a calendar year. For these provisions, the expiration dates listed in this document apply with respect to calendar year taxpayers. The expiration dates of such provisions may differ, however, with respect to fiscal year taxpayers or taxpayers with short taxable years. Years in which there are no expiring provisions are not listed in the document.

             I. FEDERAL TAX PROVISIONS2 EXPIRING 2011-2022

                    A. Provisions Expiring in 2011
 _____________________________________________________________________

 Provision (Code section)                    Expiration Date
 _____________________________________________________________________

 1. First-time homebuyer credit for                 4/30/113
    individuals 4/30/11(3) on qualified
    official extended duty outside the United
    States (sec. 36(h)(3))

 2. Federal Unemployment Tax Act ("FUTA")           6/30/11
    6/30/11 surtax of 0.2 percent (sec.
    3301(1))

 3. Credit for certain nonbusiness energy          12/31/211
    12/31/11 property (sec. 25C(g))

 4. Personal tax credits allowed against           12/31/11
    regular 12/31/11 tax and alternative
    minimum tax ("AMT") (sec. 26(a)(2))

 5. Credit for electric drive motorcycles,         12/31/11
    three-12/31/11 wheeled vehicles, and
    low-speed vehicles (sec. 30(f))

 6. Conversion credit for plug-in electric         12/31/11
    12/31/11 vehicles (sec. 30B(i)(4))

 7. Alternative fuel vehicle refueling             12/31/114
    property 12/31/11(4) (non-hydrogen
    refueling property) (sec. 30C(g)(2))

 8. Expansion of adoption credit and adoption      12/31/11
    assistance programs (secs. 36C and 137
    and sec. 10909(c) of Pub. L. No. 111-148
    as amended by section 101(b) of Pub. L.
    No. 111-312)

 9. Incentives for alcohol fuels

    a. Alcohol fuels income tax credit             12/31/11
       (alcohol fuel, alcohol used to produce a
       qualified mixture, and small ethanol
       producers) (secs. 40(e)(1)(A), (h)(1),
       and (h)(2))

    b. Alcohol fuel mixture excise tax credit      12/31/11
       and outlay payments (secs. 6426(b)(6) and
       6427(e)(6)(A))

 10. Incentives for biodiesel and renewable
     diesel:

    a. Income tax credits for biodiesel fuel,      12/31/11
       biodiesel used to produce a qualified
       mixture, and small agri-biodiesel
       producers (sec. 40A)

    b. Income tax credits for renewable            12/31/11
       diesel fuel and renewable diesel used to
       produce a qualified mixture (sec. 40A)

    c. Excise tax credits and outlay payments      12/31/11
       for biodiesel fuel mixtures (secs.
       6426(c)(6) and 6427(e)(6)(B))

    d. Excise tax credits and outlay payments      12/31/11
       for renewable diesel fuel mixtures (secs.
       6426(c)(6) and 6427(e)(6)(B))

 11. Tax credit for research and                   12/31/11
     experimentation expenses (sec.
     41(h)(1)(B))

 12. Placed-in-service date for facilities         12/31/11
     eligible to claim the refined coal
     production credit (other than refined
     coal facilities that produce steel
     industry fuel) (sec. 45(d)(8))

 13. Indian employment tax credit (sec.            12/31/11
     45A(f))

 14. New markets tax credit (sec. 45D(f)(1))       12/31/11

 15. Credit for certain expenditures for           12/31/11
     maintaining railroad tracks (sec. 45G(f))

 16. Credit for construction of new energy         12/31/11
     efficient homes (sec. 45L(g))

 17. Credit for energy efficient appliances        12/31/11
     (sec. 45M(b))

 18. Mine rescue team training credit (sec.        12/31/11
     45N)

 19. Employer wage credit for activated            12/31/11
     military reservists (sec. 45P)

 20. Grants for specified energy property in       12/31/11
     lieu of tax credits (sec. 48(d) and sec.
     1603 of Pub. L. No. 111-5)

 21. Work opportunity tax credit (sec.             12/31/115
     51(c)(4))

 22. Qualified zone academy bonds: allocation      12/31/11
     of bond limitation (sec. 54E(c)(1))

 23. Increased AMT exemption amount (sec.          12/31/11
     55(d)(1))

 24. Deduction for certain expenses of             12/31/11
     elementary and secondary school teachers
     (sec. 62(a)(2)(D))

 25. Parity for exclusion from income for          12/31/11
     employer-provided mass transit and
     parking benefits (sec. 132(f))

 26. Treatment of military basic housing           12/31/11
     allowances under low-income housing
     credit (sec. 142(d))

 27. Premiums for mortgage insurance               12/31/11
     deductible as interest that is qualified
     residence interest (sec. 163(h)(3))

 28. Deduction for State and local general         12/31/11
     sales taxes (sec. 164(b)(5))

 29. 15-year straight-line cost recovery for       12/31/11
     qualified leasehold improvements,
     qualified restaurant buildings and
     improvements, and qualified retail
     improvements (secs. 168(e)(3)(E)(iv), (v),
     (ix), 168(e)(7)(A)(i) and (e)(8))

 30. Seven-year recovery period for                12/31/11
     motorsports entertainment complexes (sec.
     168(i)(15) and 168(e)(3)(C)(ii))

 31. Accelerated depreciation for business         12/31/11
     property on an Indian reservation (sec.
     168(j)(8))

 32. Additional first-year depreciation for        12/31/116
     100 percent of basis of qualified
     property (sec. 168(k)(5))

 33. Special rules for contributions of            12/31/11
     capital gain real property made for
     conservation purposes (secs. 170(b)(1)(E)
     and 170(b)(2)(B))

 34. Enhanced charitable deduction for             12/31/11
     contributions of food inventory (sec.
     170(e)(3)(C))

 35. Enhanced charitable deduction for             12/31/11
     contributions of book inventories to public
     schools (sec. 170(e)(3)(D))

 36. Enhanced charitable deduction for             12/31/11
     corporate contributions of computer
     equipment for educational purposes (sec.
     170(e)(6))

 37. Increase in expensing to                      12/31/117
     $500,000/$2,000,000 and expansion of
     definition of section 179 property (secs.
     179(b)(1) and (2) and 179(f))

 38. Election to expense advanced mine safety      12/31/11
     equipment (sec. 179E(a))

 39. Special expensing rules for certain film      12/31/11
     and television productions (sec. 181(f))

 40. Expensing of "brownfields" environmental      12/31/11
     remediation costs (sec. 198(h))

 41. Deduction allowable with respect to           12/31/11
     income attributable to domestic production
     activities in Puerto Rico (sec. 199(d)(8))

 42. Above-the-line deduction for qualified        12/31/11
     tuition and related expenses (sec. 222(e))

 43. Tax-free distributions from individual        12/31/11
     retirement plans for charitable purposes
     (sec. 408(d)(8))

 44. Special rule for sales or dispositions        12/31/11
     to implement Federal Energy Regulatory
     Commission ("FERC") or State electric
     restructuring policy (sec. 451(i))

 45. Modification of tax treatment of certain      12/31/11
     payments to controlling exempt
     organizations (sec. 512(b)(13)(E))

 46. Suspension of 100 percent-of-net-income       12/31/11
     limitation on percentage depletion for oil
     and gas from marginal wells (sec.
     613A(c)(6)(H)(ii))

 47. Treatment of certain dividends of             12/31/11
     regulated investment companies ("RICs")
     (secs. 871(k)(1)(C) and (2)(C), and
     881(e)(1)(A) and (2))

 48. RIC qualified investment entity               12/31/11
     treatment under the Foreign Investment in
     Real Property Tax Act ("FIRPTA") (sec.
     897(h)(4))

 49. Exceptions under subpart F for active         12/31/11
     financing income (secs. 953(e)(10) and
     954(h)(9))

 50. Look-through treatment of payments            12/31/11
     between related controlled foreign
     corporations under the foreign personal
     holding company rules (sec. 954(c)(6))

 51. Special rules for qualified small             12/31/11
     business stock (sec. 1202(a)(4))

 52. Basis adjustment to stock of S                12/31/11
     corporations making charitable
     contributions of property (sec. 1367(a))

 53. Reduction in S corporation recognition        12/31/11
     period for built-in gains tax (sec.
     1374(d)(7))

 54. Empowerment zone tax incentives:8

    a. Designation of an empowerment zone and      12/31/11
       of additional empowerment zones (secs.
       1391(d)(1)(A)(i) and (h)(2))

    b. Increased exclusion of gain                 12/31/11
       (attributable to periods through
       12/31/16) on the sale of qualified
       business stock of an empowerment zone
       business (secs. 1202(a)(2) and
       1391(d)(1)(A)(i))

    c. Empowerment zone tax-exempt bonds           12/31/11
       (secs. 1394 and 1391(d)(1)(A)(i))

    d. Empowerment zone employment credit          12/31/11
       (secs. 1396 and 1391(d)(1)(A)(i))

    e. Increased expensing under sec. 179          12/31/11
       (secs. 1397A and 1391(d)(1)(A)(i))

    f. Nonrecognition of gain on rollover of       12/31/11
       empowerment zone investments (secs. 1397B
       and 1391(d)(1)(A)(i))

 55. Tax incentives for investment in the
     District of Columbia ("DC"):

    a. Designation of DC Zone, employment tax      12/31/11
       credit, and additional expensing (sec.
       1400(f)(1))

    b. DC Zone tax-exempt bonds (sec.              12/31/11
       1400A(b))

    c. Acquisition date for eligibility for        12/31/11
       zero percent capital gains rate for
       investment in DC for gains through
       12/31/16 (secs. 1400B(b)(2)(A)(i),
       (b)(3)(A), (b)(4)(A)(i), (b)(4)(B)(i)(I),
       (e)(2), and (g)(2))

    d. Tax credit for first-time DC                12/31/11
       homebuyers (sec. 1400C(i))

 56. Definition of gross estate for RIC stock      12/31/11
     owned by a nonresident not a citizen of the
     United States (sec. 2105(d))

 57. Disclosure of prisoner return                 12/31/11
     information to certain prison officials
     (sec. 6103(k)(10))

 58. Incentives for alternative fuel and
     alternative fuel mixtures (other than
     liquefied hydrogen):9

    a. Excise tax credits and outlay payments      12/31/11
       for alternative fuel (secs. 6426(d)(5)
       and 6427(e)(6)(C))

    b. Excise tax credits and outlay payments      12/31/11
       for alternative fuel mixtures (secs.
       6426(e)(3) and 6427(e)(6)(C))

 59. Temporary increase in limit on cover          12/31/11
     over of rum excise tax revenues (from
     $10.50 to $13.25 per proof gallon) to
     Puerto Rico and the Virgin Islands (sec.
     7652(f))

 60. American Samoa economic development           12/31/11
     credit (sec. 119 of Pub. L. No. 109-432 as
     amended by sec. 756 of Pub. L. No. 111-
     312)
 _____________________________________________________________________

                    B. Provisions Expiring in 2012
 _____________________________________________________________________

 1. Airport and Airway Trust Fund excise
    taxes:

    a. All but 4.3 cents-per-gallon of taxes        1/31/1210
       on noncommercial aviation kerosene and
       noncommercial aviation gasoline (sec.
       4081(d)(2)(B))

    b. Domestic and international air               1/31/12
       passenger ticket taxes (sec.
       4261(j)(1)(A)(ii))

    c. Air cargo tax (sec. 4271(d)(1)(A)(ii))       1/31/12

 2. Temporary payroll tax cut (sec. 101 of          2/29/12
    Pub. L. No. 112-78)

 3. Highway Trust Fund excise tax rates:

    a. All but 4.3 cents-per-gallon of the          3/31/1211
       taxes on highway gasoline, diesel fuel,
       kerosene, and alternative fuels (secs.
       4041(a) and 4081(d)(1))

    b. Reduced rate of tax on partially             3/31/1212
       exempt methanol or ethanol fuel (sec.
       4041(m))

    c. Tax on retail sale of heavy highway          3/31/12
       vehicles (sec. 4051(c))

    d. Tax on heavy truck tires (sec.               3/31/12
       4071(d))

    e. Annual use tax on heavy highway              9/30/12
       vehicles (sec. 4481(f))

 4. Leaking Underground Storage Tank Trust          3/31/12
    Fund financing rate (secs. 4041(d)(4) and
    4081(d)(3))

 5. Qualified green buildings and sustainable       9/30/12
    design project bonds (sec. 142(l)(8))

 6. Increase of the size of 15 percent rate        12/31/1213
    bracket for married filers to double that of
    unmarried filers (sec. 1(f)(8) and sec. 901
    of Pub. L. No. 107-16)

 7. Reduced capital gain rates for                 12/31/1214
    individuals (secs. 1(h), 55(b), 57(a)(7),
    1445(e)(1), 7518(g)(6)(A) and sec. 303 of
    Pub. L. No. 108-27)

 8. Dividends of individuals taxed at capital      12/31/1215
    gain rates (secs. 1(h)(11), 163(d)(4)(B),
    854(a) and (b), and 857(c) and sec. 303 of
    Pub. L. No. 108-27)

 9. Ten percent individual income tax rate         12/31/12
    (sec. 1(i) and sec. 901 of Pub. L. No. 107-
    16)

 10. Reduction in other individual income tax      12/31/12
     rates: size of 15 percent rate bracket
     modified to reflect 10 percent rate, and 28
     percent, 31 percent, 36 percent, and 39.6
     percent rates are reduced to 25 percent,
     28 percent, 33 percent, and 35 percent,
     respectively (sec. 1(i)(2) and sec. 901 of
     Pub. L. No. 107-16)

 11. Dependent care credit: increase of            12/31/12
     dollar limit on creditable expenses from
     $2,400 to $3,000 ($4,800 to $6,000 for
     two or more children), increase of
     applicable credit percentage from 30 to
     35 percent, increase of beginning point
     of phase-out range from $10,000 to
     $15,000 (secs. 21(a)(2) and 21(c) and
     sec. 901 of Pub. L. No. 107-16)

 12. Adoption credit and adoption assistance       12/31/12
     exclusion: increase to $10,000 for
     maximum credit and maximum exclusion,
     special needs adoptions deemed to have
     $10,000 eligible expenses for purposes of
     credit and exclusion, increase the beginning
     and ending points of phase-out range for
     credit and exclusion, allow the credit
     against AMT (secs. 23 and 137 and sec.
     901 of Pub. L. No. 107-16)

 13. Child credit: increase from $500 to           12/31/12
     $1,000, expand eligibility for refundable
     portion of the credit, AMT relief,
     provide that child credit not treated as
     income or resources for purposes of
     benefit or assistance programs financed
     in whole or in part with Federal funds
     (secs. 24(a), (b)(3), and (d) and secs.
     203 and 901 of Pub. L. No. 107-16)

 14. American opportunity tax credit (sec.         12/31/12
     25A(i))

 15. Earned income tax credit ("EITC"):            12/31/12
     increase in the beginning point of the
     phase-out range for joint returns,
     modification of EITC treatment of amounts
     not includible in income, repeal of
     reduction of EITC for AMT liability,
     expansion of math error authority (secs.
     32(b)(2), (c)(2)(A)(i), (h), and 6213(g)(2)
     and sec. 901 of Pub. L. No. 107-16)

 16. Earned income tax credit:

    a. Credit percentage of 45 percent for         12/31/12
       three or more qualifying children (sec.
       32(b)(3)(A))

    b. Phaseout threshold for marriage             12/31/12
       penalty relief (sec. 32(b)(3)(B))

 17. Cellulosic biofuel producer credit            12/31/12
     (sec. 40(b)(6)(H))

 18. Placed-in-service date for wind               12/31/1216
     facilities eligible to claim electricity
     production credit (sec. 45(d))

 19. Credit for production of Indian coal          12/31/12
     (sec. 45(e)(10)(A)(i))

 20. Credit for employer-provided child care       12/31/12
     (sec. 45F and sec. 901 of Pub. L. No. 107-
     16)

 21. Election to claim the energy credit in        12/31/1217
     lieu of the electricity production credit
     for wind facilities (sec. 48(a)(5))

 22. Work opportunity tax credit targeted to       12/31/1218
     hiring qualified veterans (sec. 51(c)(4)(B))

 23. Credit for prior year minimum tax             12/31/12
     liability made refundable after period of
     years (sec. 53(e))

 24. Increase of the standard deduction for        12/31/12
     married filers to double that of unmarried
     filers (sec. 63(c)(2)(A) and sec. 901 of
     Pub. L. No. 107-16)

 25. Repeal of overall limitation on itemized      12/31/12
     deductions (the "Pease limitation") (sec.
     68(g) and sec. 901 of Pub. L. No. 107-16)

 26. Discharge of indebtedness on principal        12/31/12
     residence excluded from gross income of
     individuals (sec. 108(a)(1)(E))

 27. Elimination of tax on awards under the        12/31/12
     National Health Service Corps Scholarship
     Program and the F. Edward Hebert Armed
     Forces Health Professions Scholarship and
     Financial Assistance Program (sec.
     117(c)(2) and sec. 901 of Pub. L. No. 107-
     16)

 28. Employer-provided educational                 12/31/12
     assistance: expansion to graduate
     education and making the exclusion
     permanent (sec. 127(c)(1) and sec. 901 of
     Pub. L. No. 107-16)

 29. Tax-exempt bonds for educational              12/31/12
     facilities: increase in amount of bonds
     qualifying for small-issuer arbitrage rebate
     exception, expansion of tax-exempt bond
     treatment to public school facilities (secs.
     142(a)(13) and (k), 148(f)(4)(D)(vii) and
     sec. 901 of Pub. L. No. 107-16)

 30. Repeal of the personal exemptions phase-     12/31/12
     outs ("PEP") for high-income taxpayers
     (sec. 151(d)(3)(F) and sec. 901 of Pub. L.
     No. 107-16)

 31. Additional first-year depreciation for        12/31/1219
     50 percent of basis of qualified property
     (secs. 168(k)(1) and (2))

 32. Election to accelerate AMT credits in         12/31/1220
     lieu of additional first-year
     depreciation (sec. 168(k)(4))

 33. Special depreciation allowance for            12/31/12
     cellulosic biofuel plant property (sec.
     168(l))

 34. Increase in dollar limitations for            12/31/12 21
     expensing to $125,000/500,000 (indexed)
     (secs. 179(b)(1) and (2), (c)(2), and
     (d)(1)(A)(ii))

 35. Student loan interest deduction:              12/31/12
     increase and indexation for inflation of
     the phase-out ranges, repeal of the
     limit on the number of months that
     interest payments are deductible, repeal
     of the rule that voluntary payments of
     interest are not deductible (sec. 221 and
     sec. 901 of Pub. L. No. 107-16)

 36. Repeal of collapsible corporation rules       12/31/12 22
     (sec. 341 and sec. 303 of Pub. L. No. 108-
     27)

 37. Education Individual Retirement Accounts      12/31/12
     (Coverdell education savings accounts):
     increase of maximum annual contribution
     from $500 to $2,000, expansion of
     definition of qualified education expenses,
     increase in the size of the phase-out range
     for married filers to double that of
     unmarried filers, provision of special needs
     beneficiary rules, contributions by
     corporations and other entities, and
     contributions until April 15th, permitted
     (secs. 530(b)(1), (b)(2), (b)(4), (c)(1),
     (d)(2) and sec. 901 of Pub. L. No. 107-16)

 38. Reduced rates under accumulated earnings      12/31/12
     tax and personal holding company tax
     (secs. 531 and 541 and sec. 901 of Pub. L.
     No. 107-16)

 39. Modified tax treatment of electing            12/31/12
     Alaska Native Settlement Trusts and their
     beneficiaries (sec. 646 and sec. 901 of Pub.
     L. No. 107-16)

 40. Estate, gift, and generation skipping
     transfer tax provisions (sec. 901 of Pub. L.
     No. 107-16):

    a. Reduction in the maximum estate and         12/31/12
       gift tax rate to 35 percent (secs. 2001
       and 2502)

    b. Modifications of estate and gift taxes      12/31/12
       to reflect differences in credit
       resulting from different tax rates (secs.
       2001(b)(2), 2001(g), and 2505(a))

    c. Increase in estate and gift tax             12/31/12
       exemption to $5 million (indexed for
       inflation in years after 2011) (sec.
       2010)

    d. "Portability" rules permitting a            12/31/12
       surviving spouse to use the deceased
       spousal unused exclusion amount (sec.
       2010(c))

    e. Estate tax deduction for State death        12/31/12
       taxes paid (secs. 2011, 2053, 2058, 2102,
       2106, and 2604)

    f. Expansion and clarification of estate       12/31/12
       tax conservation easement rules (secs.
       2031(c)(2) and (c)(8)(A)(i))

    g. Repeal of the qualified family-owned        12/31/12
       business deduction (sec. 2057)

    h. Modifications to generation-skipping        12/31/12
       transfer tax rules regarding deemed
       allocations of exemption to certain
       transfers in trust, severing of trusts,
       valuation, and relief for late elections
       (secs. 2632(c) and 2642(a)(3), (b)(1),
       and (b)(2)(A))

    i. Modifications to estate tax                 12/31/12
       installment payment rules (secs.
       6166(b)(1)(B)(ii), (b)(1)(C)(ii),
       (b)(8)(B), (b)(9)(B)(iii)(I), and
       (b)(10))

 41. Refunds disregarded in the                    12/31/12
     administration of Federal programs and
     Federally assisted programs (sec. 6409)
 _____________________________________________________________________

                    C. Provisions Expiring in 2013
 _____________________________________________________________________

 1. Credit for health insurance costs of           12/31/13
    eligible individuals (sec. 35(a))

 2. Determination of low-income housing            12/31/13
    credit rate (sec. 42(b)(2))

 3. Placed-in-service date for facilities          12/31/1323
    (other than wind facilities) eligible to
    claim the electricity production credit
    (sec. 45(d))

 4. Election to claim the energy credit in         12/31/1324
    lieu of the electricity production credit
    for renewable power facilities other than
    wind facilities (sec. 48(a)(5))

 5. Three-year depreciation for race horses        12/31/13
    two years old or younger (sec.
    168(e)(3)(A))

 6. Placed-in-service date for partial             12/31/13 25
    expensing of certain refinery property
    (sec. 179C(c)(1))

 7. Energy efficient commercial buildings          12/31/13
    deduction (sec. 179D(h))

 8. Transfer of excess pension assets to           12/31/13
    retiree health accounts (sec. 420(b)(5))
 _____________________________________________________________________

                    D. Provisions Expiring in 2014
 _____________________________________________________________________

 1. Incentives for alternative fuel and
    alternative fuel mixtures involving
    liquefied hydrogen:

    a. Excise tax credits and outlay payments       9/30/1426
       for liquefied hydrogen (secs. 6426(d)(5)
       and 6427(e)(6)(D))

    b. Excise tax credits and outlay payments       9/30/14
       for liquefied hydrogen fuel mixtures
       (secs. 6426(e)(3) and 6427(e)(6)(D))

 2. Alternative motor vehicle credit for           12/31/14
    qualified fuel cell motor vehicles (sec.
    30B(k)(1))

 3. Alternative fuel vehicle refueling             12/31/1427
    property (hydrogen refueling property)
    (sec. 30C(g)(1))

 4. Automatic amortization extension for           12/31/1428
    multiemployer defined benefit pension
    plans (sec. 431(d)(1)(C))

 5. Additional funding rules for                   12/31/1429
    multiemployer defined benefit pension
    plans in endangered or critical status
    (sec. 432 and sec. 221(c) of Pub. L. No.
    109-280)

 6. Deemed approval of adoption, use or            12/31/14
    cessation of shortfall funding method for
    multiemployer defined benefit pension
    plans (secs. 201(b) and 221(c) of Pub. L.
    No. 109-280)
 _____________________________________________________________________

                 E. Provisions Expiring in 2016
 _____________________________________________________________________

 1. Credit for residential energy property         12/31/16
    (sec. 25D(g))

 2. Increased credit for business solar            12/31/16
    energy property (sec. 48(a)(2)(A)(i)(II))

 3. Credit for hybrid solar lighting systems       12/31/16
    (sec. 48(a)(3)(A)(ii))

 4. Energy credit for geothermal heat pump         12/31/16
    property, small wind property, and
    combined heat and power property (secs.
    48(a)(3)(A)(vii), 48(c)(4), and
    48(c)(3)(A)(iv))

 5. Credit for business installation of            12/31/16
    qualified fuel cells and stationary
    microturbine power plants (secs.
    48(c)(1)(D) and (c)(2)(D))
 _____________________________________________________________________

                    F. Provisions Expiring in 2017
 _____________________________________________________________________

 1. Oil Spill Liability Trust Fund financing       12/31/17
    rate (sec. 4611(f)(2))
 _____________________________________________________________________

                    G. Provisions Expiring in 2018
 _____________________________________________________________________

 1. Black Lung Disability Trust Fund:              12/31/1830
    increase in amount of excise tax on coal
    (sec. 4121(e)(2))
 _____________________________________________________________________

                 H. Provisions Expiring in 2020
 _____________________________________________________________________

 1. Placed-in-service date for eligibility         12/31/20
    for the credit for production from
    certified advanced nuclear power
    facilities (sec. 45J(d)(1)(B))
 _____________________________________________________________________

         II. TEMPORARY DISASTER RELIEF FEDERAL TAX PROVISIONS
                          EXPIRING 2011-2022

 A. Temporary Disaster Relief Federal Tax Provisions Expiring in 2011
 _____________________________________________________________________

 1. New York Liberty Zone: tax-exempt bond         12/31/11
    financing (sec. 1400L(d)(2)(D))

 2. Tax-exempt bond financing for the Gulf         12/31/11
    Opportunity Zone (sec. 1400N(a))

 3. Low-income housing credit additional           12/31/11
    housing credit dollar amount for the Gulf
    Opportunity Zone and certain programmatic
    expansions for the Gulf Opportunity Zone,
    the Rita GO Zone, and the Wilma GO Zone
    (sec. 1400N(c))

 4. Placed-in-service date for additional          12/31/1131
    depreciation for specified Gulf Opportunity
    Zone extension property (sec. 1400N(d)(6))

 5. Increase in rehabilitation credit for          12/31/11
    structures located in the Gulf Opportunity
    Zone (sec. 1400N(h))

 6. Increase in rehabilitation credit for          12/31/11
    areas damaged by 2008 Midwestern severe
    storms, tornados, and flooding (sec. 702 of
    Division C of Pub. L. No. 110-343)
 _____________________________________________________________________

 B. Temporary Disaster Relief Federal Tax Provisions Expiring in 2012
 _____________________________________________________________________

 1. Tax-exempt bond financing rules for areas      12/31/12
    damaged by 2008 Midwestern severe storms,
    tornados, and flooding (sec. 702 of
    Division C of Pub. L. No. 110-343)

 2. Tax-exempt bond financing rules for areas      12/31/12
    damaged by Hurricane Ike in 2008 (sec.
    704 of Division C of Pub. L. No. 110-343)
 _____________________________________________________________________

 C. Temporary Disaster Relief Federal Tax Provisions Expiring in 2013
 _____________________________________________________________________

 1. Extension of replacement period for            12/31/13
    nonrecognition of gain for areas damaged
    by 2008 Midwestern severe storms,
    tornados and flooding (sec. 702 of Division
    C of Pub. L. No. 110-343)
 _____________________________________________________________________

FOOTNOTES

1 This document may be cited as follows: Joint Committee on Taxation, List of Expiring Federal Tax Provisions 2011-2022 (JCX-1-12), January 6, 2012. This document can be found on the Joint Committee on Taxation website at www.jct.gov.

2 Not including temporary disaster relief Federal tax provisions, which are listed in Part II.

3 In the case of a written binding contract entered into before May 1, 2011, to close on the purchase of a principal residence before July 1, 2011, the purchase must close before July 1, 2011.

4 The related provision of section 30C for hydrogen refueling property expires December 31, 2014.

5 The work opportunity tax credit targeted to hiring qualified veterans expires December 31, 2012.

6 December 31, 2012, for certain longer-lived and transportation property. The 50 percent additional first year depreciation deduction (which is effective after December 31, 2011) expires December 31, 2012 (December 31, 2013 for certain longer-lived and transportation property).

7 The expensing limits of $125,000/$500,000 effective after December 31, 2011 expire December 31, 2012.

8 The empowerment zone tax incentives may expire earlier than December 31, 2011 if a State or local government provided for an expiration date in the nomination of an empowerment zone, or the appropriate Secretary revokes an empowerment zone's designation. The State or local government may, however, amend the nomination to provide for a new termination date.

9 The related provisions for liquefied hydrogen fuel expire September 30, 2014.

10 The 4.3-cents-per-gallon rate is permanent.

11 The 4.3-cents-per-gallon rate is permanent.

12 After March 31, 2012, in the case of fuel none of the alcohol in which consists of ethanol, the rate is 2.15 cents-per-gallon. In any other case, the rate is 4.3 cents-per-gallon.

13 A termination rule applies to all provisions (not otherwise extended or made permanent) that were enacted in EGTRRA (Pub. L. No. 107-16). These provisions terminate December 31, 2012, under EGTRRA section 901 as modified by TRUIRJCA (Pub. L. No. 111-312), and are listed in this document with a reference to section 901 of Pub. L. No. 107-16.

14 A termination rule applies to provisions relating to (1) reduced capital gains rates, (2) dividends taxed at capital gains rates, and (3) repeal of the collapsible corporation rules, enacted in the Jobs and Growth Tax Relief Reconciliation Act of 2003, Pub. L. No. 108-27 ("JGTRRA"). These provisions terminate December 31, 2012, under JGTRRA section 303 as modified by section 102 of the Tax Increase Prevention and Reconciliation Act of 2005, Pub. L. No. 109-222 ("TIPRA") and section 102 of TRUIRJCA, Pub. L. No. 111-312.

15 See note 14.

16 The placed-in-service date for renewable power facilities other than wind facilities is December 31, 2013.

17 The expiration date with respect to renewable power facilities other than wind facilities is December 31, 2013.

18 The work opportunity tax credit generally expired December 31, 2011.

19 December 31, 2013 for certain longer-lived and transportation property.

20 December 31, 2013 for certain longer-lived and transportation property.

21 The dollar limitations for expensing at $500,000/$2,000,000 and the expanded definition of section 179 property expire for any taxable year beginning after December 31, 2011.

22 See note 14.

23 The placed-in-service date for wind facilities is December 31, 2012.

24 The expiration date with respect to wind facilities is December 31, 2012.

25 The commencement-of-construction date for self-constructed property is December 31, 2009.

26 Related provisions for non-hydrogen fuel expired December 31, 2011.

27 The related provision of section 30C for non-hydrogen alternative fuel vehicle refueling property expired December 31, 2011.

28 A corresponding provision, also expiring on December 31, 2014, is contained in section 304(d)(1)(C) of ERISA.

29 A corresponding provision, also expiring on December 31, 2014, is contained in section 305 of ERISA.

30 The increased amount of the excise tax on coal terminates the earlier of this date or the first December 31 as of which there is no balance of repayable advances made to the Black Lung Disability Trust Fund and no unpaid interest on such advances.

31 Certain personal property may qualify if placed in service within 90 days following December 31, 2011.


END OF FOOTNOTES

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